Notes to SEFA
Title: Capital Advance
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the OMB Circular A-122, Cost Principles for Nonprofit Organizations or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following is the activity of the capital advance for the year ended June 30, 2022: Assistance Listing Number: 14.157, Program Name: Supportive Housing for the Elderly Section 202: Capital Grant Agreement: Outstanding June 30, 2021: $1,186,400, Advanced for the Year Ended June 30, 2022: $0, Principal Repaid for the Year Ended June 30, 2022: $0, Outstanding June 30, 2022: $1,186,400.